Sunday, October 25, 2026

I Once Was a Maid By Robert Burns

I Once Was a Maid
By Robert Burns

I once was a maid, tho' I cannot tell when, 
And still my delight is in proper young men; 
Some one of a troop of dragoons was my daddie, 
No wonder I'm fond of a sodger laddie, 

The first of my loves was a swaggering blade, 
To rattle the thundering drum was his trade; 
His leg was so tight, and his cheek was so ruddy, 
Transported I was with my sodger laddie. 

But the godly old chaplain left him in the lurch; 
The sword I forsook for the sake of the church: 
He ventur'd the soul, and I risked the body, 
'Twas then I proved false to my sodger laddie. 

Full soon I grew sick of my sanctified sot, 
The regiment at large for a husband I got; 
From the gilded spontoon to the fife I was ready, 
I asked no more but a sodger laddie. 

But the peace it reduc'd me to beg in despair, 
Till I met old boy in a Cunningham fair, 
His rags regimental, they flutter'd so gaudy, 
My heart it rejoic'd at a sodger laddie. 

And now I have liv'd - I know not how long, 
And still I can join in a cup and a song; 
But whilst with both hands I can hold the glass steady, 
Here's to thee, my hero, my sodger laddie.

History

 

An Insight

 

I see wonderful things

 

Offbeat Humor

 

Data Talks

 

A Man Seated Reading at a Table in a Lofty Room, c. 1630 by Rembrandt

A Man Seated Reading at a Table in a Lofty Room, c. 1630 by a follower of Rembrandt (Netherlands, 1606-16669)





























Click to enlarge.

Saturday, October 24, 2026

How Long Do Wealth Shocks Persist? Less Than Three Generations in England, 1700–2026

From How Long Do Wealth Shocks Persist? Less Than Three Generations in England, 1700–2026 by Gregory Clark and Neil Cummins.  From the Abstract:

What happens across generations to wealth shocks? Do they endure and even magnify, or do they dissipate? By implication, how much modern wealth is attributable to events before 1900? This paper uses random shocks to family size in England before 1880 that created wealth shocks for the children to measure the persistence of wealth shocks. Fertility in England before 1880 was a biological lottery. For richer families, family size strongly influenced child wealth. This paper finds that such biology-induced wealth shocks had no impact on descendant wealth by three generations later. Since wealth itself persisted across more than five generations this implies that, in the long run, wealth mainly derives from sources other than inherited wealth. The observed link between nineteenth century and modern wealth does not lie in wealth transfers alone. Wealth persisted because of the familial inheritance of behaviors associated with wealth accumulation and retention.

Good discussion among commenters over at Marginal Revolution via Tyler Cowen.  


History

 

An Insight